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e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Paloma Partners Management Co

e.l.f. Beauty logo with Consumer Staples background

Paloma Partners Management Co trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 70.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,484 shares of the company's stock after selling 15,316 shares during the period. Paloma Partners Management Co's holdings in e.l.f. Beauty were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty in the second quarter valued at $26,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after acquiring an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after acquiring an additional 371 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,528 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Trading Up 7.1 %

Shares of NYSE:ELF traded up $9.01 during mid-day trading on Wednesday, reaching $136.42. 2,202,451 shares of the company were exchanged, compared to its average volume of 1,971,945. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 73.74, a P/E/G ratio of 2.86 and a beta of 1.49. The firm's 50-day simple moving average is $114.89 and its 200 day simple moving average is $150.81. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts' expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm's quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Truist Financial decreased their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $173.53.

Check Out Our Latest Stock Analysis on ELF

e.l.f. Beauty Profile

(Free Report)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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